Auto Service - Gas-Conv
Murphy Express I Jacksonville MSA I 20 Fuel Pumps
6706 103rd St, Jacksonville, FL 32210
Listing Price: $1,972,396
Cap Rate
5.05%
Tenant Name
Murphy Express
Years Remaining On Lease
8.9
Gross SF
1,215
Guarantor
Corporate Guarantee
Rentable SF
1,215
Price/Gross SF
$1,623.37
Lease Type
NNN Ground Lease
Rent Per Square Feet
$81.98
Investment Overview
Absolute NNN Ground Lease w/ No Landlord Responsibilities. Long Term Lease w/ Attractive Rent Increases. Anchored By Walmart Supercenter. Jacksonville Metro Location. Sound Demographics. Investment Grade Credit.
Murphy Express I Jacksonville MSA I 20 Fuel Pumps
Investment Highlights
- Absolute NNN Ground Leased Murphy Express with 20 Fuel Pumps Under a Canopy Located at a Heavily Trafficked Signalized Intersection on 103rd Street (36,500 Vehicles Per Day (VPD))
- Lease Features Over 9 Years Remaining on the Base Term with Attractive 7 Percent Rent Increases Every 5-Years to Hedge Against Inflation and Provide Maximum Investor Security
- Situated at the Entrance to a Shopping Center Anchored by a Walmart Supercenter and Surrounded by a Host of National Tenants Including Advance Auto Parts, Fifth Third Bank, Take 5 Oil Change, McDonald
- Metropolitan Statistical Area, the Most Populous City in the State of Florida and the Largest City by Area in the United States with a Population of Nearly One Million Residents
- Situated in an Area with Over 185,000 People Living Within a 5-Mile Radius with an Average Household Income Exceeding $71,000 and Projected to Experience Population Growth Expected to Exceed 3% Within a 1-Mile Radius Between 2022 and 2027
- Situated in an Area with Over 185,000 People Living Within a 5-Mile Radius with an Average Household Income Exceeding $71,000 and Projected to Experience Population Growth Expected to Exceed 3% Within a 1-Mile Radius Between 2022 and 2027
Auto Service - Gas-Conv
Murphy Express I Jacksonville MSA I 20 Fuel Pumps
Listing Price: $1,972,396
Cap Rate
5.05%
Tenant Name
Murphy Express
Years Remaining On Lease
8.9
Gross SF
1,215
Guarantor
Corporate Guarantee
Rentable SF
1,215
Price/Gross SF
$1,623.37
Lease Type
NNN Ground Lease
Rent Per Square Feet
$81.98
Investment Highlights
- Absolute NNN Ground Leased Murphy Express with 20 Fuel Pumps Under a Canopy Located at a Heavily Trafficked Signalized Intersection on 103rd Street (36,500 Vehicles Per Day (VPD))
- Lease Features Over 9 Years Remaining on the Base Term with Attractive 7 Percent Rent Increases Every 5-Years to Hedge Against Inflation and Provide Maximum Investor Security
- Situated at the Entrance to a Shopping Center Anchored by a Walmart Supercenter and Surrounded by a Host of National Tenants Including Advance Auto Parts, Fifth Third Bank, Take 5 Oil Change, McDonald
- Metropolitan Statistical Area, the Most Populous City in the State of Florida and the Largest City by Area in the United States with a Population of Nearly One Million Residents
- Situated in an Area with Over 185,000 People Living Within a 5-Mile Radius with an Average Household Income Exceeding $71,000 and Projected to Experience Population Growth Expected to Exceed 3% Within a 1-Mile Radius Between 2022 and 2027
- Situated in an Area with Over 185,000 People Living Within a 5-Mile Radius with an Average Household Income Exceeding $71,000 and Projected to Experience Population Growth Expected to Exceed 3% Within a 1-Mile Radius Between 2022 and 2027
Investment Overview
Absolute NNN Ground Lease w/ No Landlord Responsibilities. Long Term Lease w/ Attractive Rent Increases. Anchored By Walmart Supercenter. Jacksonville Metro Location. Sound Demographics. Investment Grade Credit.
